Jay Lerner has been sworn in as the inspector general of the Federal Deposit Insurance Corporation (FDIC). Lerner will be responsible for overseeing the FDIC’s Office of Inspector General, which conducts investigations of potential fraud and other crimes related to insured financial institutions and closed banks. The office also works to detect and deter waste, fraud and abuse within the FDIC, while promoting economy and efficiency at the agency. Lerner was nominated for the position by outgoing President Obama in October and confirmed by the Senate in December. With Lerner assuming the inspector general role, Fred Gibson—who has served as acting inspector general since September 2013—will return to his previous position as principal deputy in the FDIC Office of Inspector General.
Lerner has worked in the federal government for nearly 25 years, most recently serving as chief of staff and senior counsel at the Office of the Inspector General at the Department of Justice (DOJ). Previously, he served as assistant chief in the fraud section in the DOJ’s criminal division, overseeing strategy and policy. He also prosecuted banking and money laundering cases while at DOJ.